Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has achieved a historic milestone by becoming the first virtual asset platform to receive full federal licensing from the UAE Securities and Commodities Authority (SCA). This landmark approval enables Bybit to offer comprehensive virtual asset services throughout the United Arab Emirates.
Bybit Secures UAE’s First Virtual Asset Platform Operator License from Securities and Commodities Authority
— Bybit (@Bybit_Official) October 9, 2025
Ben Zhou, Co-founder and CEO of Bybit, said: “Receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to… pic.twitter.com/IH5p3GbODz
A New Chapter in UAE’s Crypto Evolution
The SCA license marks a significant advancement in the UAE’s digital asset regulatory framework. Unlike previous regional approvals, this federal license allows Bybit to operate across all UAE territories, not just specific emirates. The exchange can now provide a complete suite of services including trading, custody, and fiat conversion under full regulatory oversight. This development reinforces the UAE’s position as an emerging global hub for regulated digital asset activities.
Strategic Expansion and Local Integration
Bybit’s commitment to the UAE market extends beyond regulatory compliance. The exchange plans to establish a regional headquarters in Abu Dhabi and create over 500 jobs across Abu Dhabi and Dubai. Additionally, Bybit will invest significantly in local talent development, compliance infrastructure, and customer support services. These initiatives align perfectly with the UAE’s broader economic diversification goals and its vision to become a leading technology and financial innovation center.
Setting New Industry Standards
Ben Zhou, Co-founder and CEO of Bybit, emphasized the exchange’s dedication to building trust through compliance and transparency. The SCA license demonstrates Bybit’s commitment to maintaining high security and governance standards. This regulatory achievement follows Bybit’s recent successes in securing approvals in Europe under MiCAR and resuming operations in India, showcasing the exchange’s global regulatory strategy.
Pioneering Regulated Crypto Trading
The UAE’s recognition of Bybit comes at a crucial time for the cryptocurrency industry. As global markets seek clearer regulatory frameworks, this license establishes a model for compliant digital asset operations. The move positions both Bybit and the UAE at the forefront of regulated crypto trading, potentially attracting more institutional investors and established financial players to the region.
Disclaimer: News content provided by Genfinity is intended solely for informational purposes. While we strive to deliver accurate and up-to-date information, we do not offer financial or legal advice of any kind. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial or legal decisions. Genfinity disclaims any responsibility for actions taken based on the information presented in our articles. Our commitment is to share knowledge, foster discussion, and contribute to a better understanding of the topics covered in our articles. We advise our readers to exercise caution and diligence when seeking information or making decisions based on the content we provide.
 to operate virtual asset services across the entire UAE, marking a significant milestone in regulated crypto trading.){kind=link}